Uploaded on Aug 12, 2020
PPT on Twitter TikTok preliminary merger talks.
Twitter TikTok preliminary merger talks.
TWITTER TIKTOK PRELIMINARY MERGER TALKS INTRODUCTION • Twitter Inc. has held early talks about a potential combination with TikTok, the Chinese-owned video-sharing app. • It’s unclear whether Twitter will pursue a deal, which would involve TikTok’s US operations. Source: LatestLY TWITTER • Twitter is an American micro blogging and social networking service company. • CEO: Jack Dorsey • Founded: 2006 • Headquarter: San Francisco, USA Source: LiveMint TIKTOK • TikTok is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company. • The app is available in 40 languages all across the world. Recently USA has banned Tiktok for security threat. Source: Zee News MICROSOFT DEAL • Microsoft has been negotiating for weeks with TikTok’s owner, Beijing- based ByteDance Ltd., and is considered the front-runner for any possible deal. • Microsoft CEO Satya Nadella spoke with President Donald Trump about the matter. Source: Teller Report TWITTER VS MICROSOFT • Twitter’s market capitalization is about $29 billion, smaller than Microsoft’s at more than $1.6 trillion. • Twitter would almost certainly need help from other investors if it does buy TikTok. Source: YouTube SHORT VIDEO ATTEMPT BY TWITTER • Jack Dorsey, the chief executive officer of Twitter, has had a failed attempt at short-form video. • It shut down the Vine app in 2016, four years after acquiring it. Source: LiveMint TRUMP’S ATTACK ON TWITTER • The company has recently been under attack by President Trump, who said that Twitter and Facebook Inc. are unfairly censoring him. • Both platforms blocked a video shared by accounts linked to Trump for violating their policies on corona virus misinformation. Source: MarketWatch RESPONCE OF TIKTOK ON THE BAN BY TRUMPH • TikTok plans to file a federal lawsuit to challenge President Trump’s executive order banning the video-sharing service from the US. • TikTok responded to the ban in a blog post, saying it was “shocked” and would pursue all remedies available. Source: LiveMint USA~ CHINA • The Trump administration’s actions against TikTok and Tencent-owned WeChat are part of an escalating economic fight between the U.S. and China. • Other government entities and businesses have banned TikTok over concerns that Chinese government authorities could demand access to user data. Source: The Hindu INDIA BANNED TIKTOK • In June, India banned the app and several other Chinese mobile applications in amid a border clash between the two countries. • The Government of India has banned 59 Chinese mobile applications to counter the threat posed by these applications to the country's security. Source: LiveMint
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